Forget the Iran war. Forget Hormuz. Forget the Fed.


The US market does not care about any of it right now.
Nasdaq up 29.46% in 44 days. Now at 29,509. All time high.
S&P 500 up 18.35% in 44 days. Now at 7,472. All time high.
One thing is driving all of it. AI capital spending.
- Microsoft, $80 billion in data centres this year.
- Google. $75 billion.
- Meta. $65 billion.
- Amazon. $105 billion.
That is $325 billion being poured into AI infrastructure in one single year.
Every dollar of that capex goes somewhere. Nvidia chips. AMD processors. Micron memory. Seagate storage. Dell servers. Power grids. Cooling systems. Construction.
The money flows through the entire economy. That is why chips are up 30%. That is why the broader market followed.
Oil at $100. Inflation at 3.8%. Fed frozen. Hormuz partially closed.
None of it matters when $325 billion is being spent building the future in real time.
The market is not ignoring the risks. It is betting that AI capex is bigger than all of them combined.
So far it is winning that bet.
Rest. #DYOR
MSFT0.87%
META0.34%
AMZN-1.2%
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